2013 Idaho Statutes
Title 59 - PUBLIC OFFICERS IN GENERAL
Chapter 5 - SALARIES OF OFFICERS
Section 59-513 - DEFERRED COMPENSATION PROGRAMS FOR EMPLOYEES OF STATE OR POLITICAL SUBDIVISIONS.
The state board of examiners shall supervise and regulate the deferred compensation program for state employees, and may adopt rules to implement such a program; provided however, that the state board of education shall supervise and regulate any deferred compensation program it establishes and may adopt rules to implement such a program.
The governing body of any county, city, or political subdivision of the state, shall supervise and regulate the deferred compensation program for its employees.
In no event shall the amount of income an employee elects to defer exceed the total annual salary, or compensation under the existing salary schedule or classification plan applicable to such employee in such year. Any income deferred under such a plan shall continue to be included as regular compensation for the purpose of computing the retirement contributions and pension benefits earned by any employee, but any sum so deferred shall not be included in the computation of any income taxes withheld on behalf of any such employee.
Coverage of an employee under a deferred compensation plan under this section shall not render such employee ineligible for simultaneous membership and participation in the pension systems for public employees which are otherwise provided for.
For the purposes of this section the state controller is authorized to make such deductions from salary for any employee of the state who has authorized such deductions in writing, and the state board of examiners may designate administrative agents for the state of Idaho to execute all necessary agreements pertaining to the deferred compensation program.
For the purposes of this section, the term "employee" includes elected or appointed officials.
History:
[59-513, added 1977, ch. 195, sec. 2, p. 529; am. 1994, ch. 180, sec. 131, p. 506; am. 2003, ch. 305, sec. 1, p. 840.]
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